Marijuana company hires billionaire snack food tycoon Nelson Peltz

15 March, 2019, 08:39 | Author: Regina Silva

He was previously a director at the food companies H.J. Heinz and Mondelez International and was also chairman and CEO of Triarc Companies, which owned Arby's and Snapple, as well as other consumer and industrial businesses. (ACI) sent the latter's stock surging almost 16 percent Wednesday.

Aurora said it granted Peltz options to purchase 19.96 million common Aurora shares at a price of 10.34 Canadian dollars a share, or US$7.74 a share.

Nelson Peltz, seen here at the WSJD Live conference in Laguna Beach, Calif. on October 25, 2016, is joining Aurora Cannabis as a strategic adviser.

"In light of Peltz's past deals as an activist, we do not view the announcement as a step toward driving change to the existing business model (e.g., not a breakup story)", Cowen said. ACI is in talks with The Coca-Cola Company about developing and marketing cannabis-infused drinks. US tobacco companies have already invested there and big beverage companies are watching closely as the industry develops.

Aurora Cannabis' stock surged almost 14% Wednesday after the company said that Nelson Peltz, a billionaire activist investor and a founding partner of hedge-fund Trian Fund Management, would become a strategic investor and advisor at the company.

"I believe Aurora has a solid execution track record, is strongly differentiated from its peers, has achieved integration throughout the value chain and is poised to go to the next level", Peltz said in the statement. "I also believe that Canadian licensed producers, and Aurora in particular, are well positioned to lead in the development of the worldwide cannabis industry as regulations evolve, with a strong, globally replicable operating model".

Peltz is the CEO and a founding partner of Trian Fund Management.

The possibility cannabis-infused drinks will be sold in the open has triggered a surge of investments in Canadian companies, which are leading the booming cannabis industry.

His appointment comes weeks after rival Canopy Growth Corp appointed lifestyle guru Martha Stewart to help develop and launch a line of pot-based products. CGC is the largest producer of medical marijuana in North America.

He said he didn't recall specifically writing it, but says he now thinks the "we" he was talking about was the country at large. In a statement Thursday, Strzok attorney Aitan Goelman said his client welcomed the release of the transcript .

Iupati will likely fill the void left by Sweezy, who started 15 games for Seattle after returning to the team in 2018. The Seattle Seahawks solidified their offensive line Thursday, signing Mike Iupati , and reportedly re-signing D.J.

The world number one was immediately on the back foot in her fourth-round match, as Bencic raced to a 5-1 lead in the first set. Giron rued what might have been after failing to capitalise on a winning position. "He really stayed disciplined".

Democrats speculate that the report might have enough evidence to support an impeachment effort against the president. They do not require release of the report but also do not prevent Barr from giving the entire document to Congress.

Ilhan Omar's (D-MN) anti-Israel remarks are so incendiary that her own fellow Minnesota Democrats have turned on her. Last week, the House passed a bipartisan resolution condemning hate speech in the wake of Omar's comments .

The Bangladesh cricket team has been forced to flee a Christchurch mosque after a shooting incident on Friday afternoon. People in central Christchurch have been urged to stay indoors and report any suspicious behaviour immediately to 111.

First, a $111 million investment will bring 123 jobs to the plant in Buffalo and double its transaxle production. Toyota officials said the expansion boosts the plant's capacity to produce hybrid transaxles.

Shami was part of the Indian team that lost the five-match ODI series 3-2 against Australia on Wednesday. According to the latest central contracts list, Shami has been given a Grade A contract (Rs 5 lakh).

Popular

Apple Music Now Works on Amazon Fire TV
Apple Music has been available on your run-of-the-mill Alexa devices, namely Echo and Dot and the like, for a while now. They can search through text or voice, whether you use the remote or the mobile app, across a vast channel library.

Armed attack on mosque in New Zealand
Residents of Christchurch were also asked to stay indoors. "Christchurch schools will be locked down until further notice". The man, who did not give his name, said he saw four people including a woman on the floor but did not see the shooter.

Mumbai footbridge collapse: Toll rises to 5, 30 hurt
India's National Disaster Response Force said it had sent a team to the site over fears that people may be trapped under rubble. The bridge connected the bustling Chhatrapati Shivaji Maharaj Terminus railway station with the Azad Maidan Police Station.